President Obama blamed Republicans' refusal to close `wasteful' loopholes for the automatic budget cuts going into effect Friday, and said Americans will get through the crisis.» Read More
Republicans and Democrats have to compromise if there is going to be deficit reduction, House Minority Leader Nancy Pelosi told CNBC Friday.
After the weekend's International Monetary Fund (IMF) meeting passed with no concrete announcements on the resolution of the Eurozone debt crisis, one analyst called for a "Paulson moment" between politicians and fiscal policymakers in Europe.
Which members of the US Congress have the highest approximate net worth. Check out the list.
CNBC's John Harwood with details on who will represent House democrats on the debt super committee.
I hate to say it, but Nancy was right! I try to be apolitical. I think I succeed most of the time. Trashing both parties more or less equally allows me to stay balanced. So in that continuing effort to stay bland and uninteresting, I have to give mention to Nancy Pelosi who said a few weeks ago it might take a decline of hundreds of points in the market to get the Republicans attention.
Seeing the president and members of Congress in action gives a new perspective on the debt talks. Click for scenes from the talks, in the month leading up to the compromise.
It's this quartet who will have to draw on their experience, skill and charm to find the deal and the votes to pass it for averting an unprecedented government default next week..
Representative Anthony D. Weiner has told friends that he plans to resign his seat after coming under growing pressure from his Democratic colleagues to leave the House in the wake of revelations of his lewd online exchanges with women, said a person told of Mr. Weiner’s plans, the New York Times reports.
House Majority Leader Eric Cantor said there may be hope Democrats and Republicans can come up with a deficit-reduction plan after hearing Minority Leader Nancy Pelosi say everything is on the table.
Everything must be on the table as the U.S. Congress works to cut the deficit, including Medicare, Social Security and entitlements
As the US is expected to reach the legal limit on its debt later today, Rep. Nancy Pelosi shares her thoughts with CNBC's Larry Kudlow.